Tim B.
Zillow to start buying Homes
20 June 2019 | 12 replies
It seems like smoke and mirrors.https://wolfstreet.com/2019/05/10/house-flipper-zillow-lost-109k-35-per-flip-net-loss-triples-shares-soar/ Sold 414 homes.Sales proceeds added $128.5 million to revenues, for an average selling price of $310,400 per home.The purchase cost of these homes added $122.4 million to cost of sales, for an average purchase price of $295,700 per home.This amounts to an average gross profit (selling price minus purchase cost) of a meager $14,700, or 4.9% per flip.
Karyn S.
New Landlord Questions
25 April 2018 | 0 replies
AC filter, smoke detector batteries - do you change these yourself?
Aaron M.
Renters damaged hardwood floors: What to do?
21 January 2018 | 38 replies
If the tenant smoked or had pets in the house it’s going to be very apparent when I open that door a few hours later.
Annetta B.
Should you take all the drywall out or leave the good bits.
30 September 2017 | 27 replies
The primer will take care of the smell smoke, pets etc.
Brenda Whittaker
Paneled walls
3 January 2017 | 15 replies
Its more renter proof and any nails holes you can easily plug with a dark sparkle.
AJ Vanderhorst
4plex Incorrectly Zoned as a Duplex...Help
30 January 2019 | 35 replies
Guessing they are blowing smoke...which would not surprise me in the least.
David Avila
Debt free investors
7 October 2015 | 9 replies
REI is a numbers game, and the important numbers are NOT the ones with street names behind them...they are the ones with $$$$$ in front of them....Positive $$$$ signs.When the smoke clears...leverage wins.
Ryan Turian
How do I earn a positive ROI on Owner-occupied duplex or triplex?
5 October 2017 | 4 replies
@Ryan Turian, best I can tell duplexes are very difficult to make work as pure investment properties for 3 main reasons:There are only 2 units over which to spread the fixed cost (costs the same to mow the lawn at a duplex as it does a 4-plex)Duplexes are the most desirable to owner-occupiers (non-investors) so they tend to go for higher per-unit prices, but that doesn't necessarily translate into higher rents.Zoning laws mean duplexes are more likely to be in more desirable neighborhoods, increasing sales price and making them less likely to cashflow.For the analysis I've done, duplexes just don't make sense as a pure investment unless you get a smoking deal on the purchase price.I think focusing on 3 or 4-plexes, combined with BRRRR is a better way to go.With regards to your questions about CapEx, etc.: Yes, analyze the deal just like you weren't going to live there and see how the numbers work.
Matthew Hitchcock
Exterior paint for newly acquired brick building.
6 December 2017 | 7 replies
I primed white, then painted dark brown.
John LaVecchia
Should I get involved with section 8?
15 November 2017 | 39 replies
Here in AZ the inspector meets the landlord and the tenant at the property and does his inspection, it is always a very cordial meeting, they give plenty of notice and he is just checking on the safety of the property (GFI outlets, working smoke detectors, refrigerator, stove and ovens working, cleanliness and doors/windows opening correctly) I have never had one fail the inspection but I am big on safety also.